Looking to set up a trust fund? A trust fund is a formal arrangement in which a trusted individual/s or a trust corporation holds and manages the assets on behalf of other particular individuals or they are used as a useful tax planning tool. The assets are put into trust for a beneficiary’s life, or until they reach a certain age.
Different kinds of assets can be put in trust, including:
Trusts can be set up at any time or written into your will.
Trusts are set up for a number of reasons, including:
At In Home Wills, we will draft your trust/trusts, tailored to your wishes. We will take into consideration what you are hoping to achieve and we will recommend the most suitable type of trust that will meet your needs. All circumstances are different, and therefore specific powers will also need to be drafted according to your wishes. Depending upon the trust there are different tax implications upon which we will discuss and advise upon.
The main types of trust are:
In Home Wills are able to provide advice in areas of all areas of asset protection and trusts. We take the time to listen and understand your individual requirements and draw on our many years experience to recommend suitable Trusts.
Planning for the future and avoiding trust disputes is a sensible approach. If you have wishes that you would like to be actioned in the event of your passing, then creating a will is vital for allowing that to happen.
At In Home Wills, we have many years experience in will writing, lasting powers of attorney, probate, trusts and estate planning, and we are here to guide you through this process. We provide a hassle free experience, we will visit you in your own home and provide you with advice tailored to your own needs. We cover most areas in Yorkshire, key areas include Harrogate, Wetherby, York, Leeds, Bradford, Halifax, Huddersfield, Wakefield & also Lancashire.
Our preference is to meet face to face with our clients, but in Covid-19 times we have adapted our service to also include video chats via Whatsapp and Zoom. So whether you want us to draft a standard will which will take care your basic wishes, or need a personalised will drafted to you exact requirements, we are here to help.